Research On The Development Of Internet Consumer Financial Assets Securitization And The Profit Model

Since the party's 19 th National Congress,General Secretary Xi Jinping has proposed a socialist ideology with Chinese characteristics in a new era,pointed out the construction of a modern economic system,and will use the vigorous development of the real economy as a focal point to carry out structural reforms on the supply side.Finance is the core and blood of modern economy.Its value is reflected in its service to the real economy.In the current period,China's economic development has entered a new normal,and it is in a critical period of attacking difficulties,adjusting the structure,changing methods,and cultivating new development potentials.The growth mode of China's economy has been gradually transformed from a quantitative investment drive of the past to a quality-driven consumerdriven model.At the same time,the policy level has guided the development of consumer finance,Internet finance is in the ascendant,Internet finance and consumer finance have converged with each other,and big data modeling has helped the Internet consumer financial asset securitization landed.In fact,Internet finance is a concept of a genealogy,or a third type of financial industry,which represents a new direction of financial development.Consumer finance,or resident consumer finance,is a category in which consumers conduct cross-period fund allocation to meet current consumption.Finally,asset securitization is a structured financial product and thus an innovative financing method.The combination of the three is reflected in China's first Internet consumer financial asset securitization product—Jingdong's account receivables special plan asset-backed securities.The starting point of this paper is the actual case of JD White Note.The structure of the full text is divided into five parts,which are the raising of the question,the relevant theoretical basis,the analysis framework,the actual case,as well as the conclusions and policy recommendations.The foothold of this article is based on the profit model of Jingdong White Note,which provides an analysis perspective for the profit model of Internet consumer financial asset securitization.Finally,on the basis of the analysis of the case of Jingdong White Note,the paper concludes that the meaning of the profit model of Internet consumer financial asset securitization lies in the combination of its own financial attributes and Internet attributes,and based on this,it gives the future of China's Internet consumer finance.The development of asset securitization inspiration and related policy recommendations.